Host Marriott Corporation
Stock Symbol: HMT
6903 Rockledge Drive
Host Marriott Corporation Industry:
Real Estate Operations
Host Marriott Corporation Description:
Host Marriott Corporation is a Fortune 500 lodging real estate Company, which owns 122 upscale and luxury full-service hotel properties primarily operated under Marriott, Ritz-Carlton, Four Seasons, Hyatt, Hilton and Swissotel brand names. For further information on Host Marriott Corporation, please visit the Company's website at http://www.hostmarriott.com .
Host Marriott Corporation Financial Summary:
For the thirty six weeks ended 9 September 2005, revenues rose 8% to $2.65B. Net income from continuing operations applicable to common totaled $54M vs. a loss of $121M. Revenues reflect an increase in rooms revenues and higher food & beverage income. Net income also reflects improved operating margins, a decrease in property - level expenses, an increase in interest income and the presence of $1M minority interest income.
Host Marriott Corporation Business Summary:
Host Marriott Corporation operates as a self-managed and self-administered real estate investment trust (REIT). It owns properties and conducts operations through Host Marriott, LP, a limited partnership, of which Host Marriott Corporation is the sole general partner. Most of the Company's hotels operate in urban and resort markets, either as luxury properties, under such brand names as Ritz-Carlton, Fairmont and Four Seasons, or as upper-upscale properties, under such brand names as Marriott, Hyatt, Westin and Hilton. The Company's portfolio is geographically diverse with hotels in most of the major metropolitan areas in 26 states, Washington, D.C., Toronto and Calgary, Canada, and Mexico City, Mexico. As of February 28, 2005, the Company's lodging portfolio consisted of 107 upper-upscale and luxury full-service hotels containing approximately 55,000 rooms.